GLENWOOD SPRINGS CHAMBER FOUNDATION

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2016

Legal Domicile

Principal Officer

ANGELA ANDERSON

Phone

9709456589

Tax Period

2024-01-01 to 2024-12-31

GLENWOOD SPRINGS CHAMBER FOUNDATION, founded in 2016, is a small nonprofit in the Community Improvement sector that reported $241K in total revenue in fiscal year 2024.

Mission

TO SUPPORT AND ADVANCE THE GENERAL WELFARE AND PROSPERITY OF THE GREATER GLENWOOD SPRINGS, CO AREA SO THAT ITS CITIZENS AND ALL AREAS OF THE COMMUNITY MAY PROSPER AND LESSEN THE BURDEN OF LOCAL AND STATE GOVERNMENTS. THE ORGANIZATION ALSO RUNS STRAWBERRY DAYS, ATHENA, AND WINTER WONDERLAND EVENTS WHICH ARE MANAGED BY THE GLENWOOD SPRINGS RESORT ASSOCIATION.

Program Service Accomplishments

Program 1

Expenses: $250,336 Revenue: $210,977

THE FOUNDATION PROVIDES SUPPORT AND ADMINISTRATION FOR: CIVIC, CULTURAL AND EDUCATIONAL PROGRAMS TO HELP LESSEN THE BURDEN OF LOCAL AND STATE GOVERNMENTS, AND PROMOTE QUALITY OF LIFE IN THE...

THE FOUNDATION PROVIDES SUPPORT AND ADMINISTRATION FOR: CIVIC, CULTURAL AND EDUCATIONAL PROGRAMS TO HELP LESSEN THE BURDEN OF LOCAL AND STATE GOVERNMENTS, AND PROMOTE QUALITY OF LIFE IN THE COMMUNITY; PUBLIC/PRIVATE SECTOR INITIATIVES FOR ECONOMIC AND COMMUNITY DEVELOPMENT; AND OTHER COMMUNITY-BASED INITIATIVES FOR THE PUBLIC BENEFIT OF THE COMMUNITY. THE CHAMBER ALSO HOLDS A NUMBER OF EVENTS SUCH AS STRAWBERRY DAYS WHICH ENTICES TRAVEL TO THE CITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $29,196

Program Service Revenue $210,977

Investment Income $0

Other Revenue $728

TOTAL REVENUE $240,901

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $250,336

Other Expenses $250,336

TOTAL EXPENSES $250,336

Year-over-Year Comparison

	2024	2023	Change
Revenue	$240,901	$224,455	+0.1%
Expenses	$250,336	$185,303	+0.4%
Net Income	$-9,435	$39,152	-1.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL MCCALLUM	CHAIR	0.50	Director	$0	$0	$0
IAN EXELBERT	BOARD MEMBER	0.50	Director	$0	$0	$0
MATT GIANNESCHI	BOARD MEMBER	0.50	Director	$0	$0	$0
ERIC BROTHERSON	BOARD MEMBER	0.50	Director	$0	$0	$0
ANGELA ANDERSON	PRESIDENT & CEO	2.00	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$240,901	$250,336	$45,760	$-9,435
2023	$224,455	$185,303	$54,264	$39,152
2022	$180,734	$178,491	$14,631	$2,243
2021	$28,851	$25,618	$37,213	$3,233
2020	$484,875	$483,201	$11,604	$1,674